Market leading insight for tax experts
View online issue

Job retention scheme direction

printer Mail

The Treasury has issued a further Direction under the Coronavirus Act 2020 to formally extend the job retention scheme. The Direction sets out the version of the scheme which will cover the period from 1 February to 30 April 2021. One key change ensures that the ‘calendar lookback’ method is updated, so that where employers calculate employees’ usual hours based on a previous corresponding calendar period, the correct year is used. This means that claims for March and April 2021 will be based on hours worked in March and April 2019 (rather than 2020).

Issue: 1517
Categories: News